{"id":11406,"date":"2019-11-20T17:58:11","date_gmt":"2019-11-20T22:58:11","guid":{"rendered":"https:\/\/www.renthop.com\/content-manager\/?p=11406"},"modified":"2023-07-22T11:36:40","modified_gmt":"2023-07-22T15:36:40","slug":"open-listing-crowd-sourcing","status":"publish","type":"post","link":"https:\/\/www.renthop.com\/blog\/open-listing-crowd-sourcing\/","title":{"rendered":"Open Listing == Crowd Sourcing"},"content":{"rendered":"\n
An Open Listing arrangement allows multiple brokers to compete with each other to find a suitable tenant to rent a vacant apartment. It works best in markets such as New York City, with a high volume of interested leads , but very low rate of actual transaction. <\/p>\n\n\n\n
Unfortunately, most perspective renters who want to view an apartment will ultimately not sign a lease. Either they don’t like the apartment, can’t afford the apartment, or want to keep looking for better options. That is why in 2020 we still need a network of professional apartment finders <\/a>to qualify both sides – they only show good apartments to qualified renters.<\/p>\n\n\n *Markets tend to be more efficient with more competing participants.<\/i><\/p>\n\n\n
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